Boohoo Group PLC (BOO) Stock Price & News - Google Finance (2024)

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Boohoo Group PLC (BOO) Stock Price & News - Google Finance? ›

boohoo group Plc has a consensus rating of Hold, which is based on 1 buy ratings, 2 hold ratings and 2 sell ratings. The average share price target for boohoo group Plc is 40.00p.

boohoo group Plc has a consensus rating of Hold, which is based on 1 buy ratings, 2 hold ratings and 2 sell ratings. The average share price target for boohoo group Plc is 40.00p.

Boohoo also owns boohooMAN, PrettyLittleThing, Nasty Gal and MissPap, all targeted at 16 to 35 year olds. PrettyLittleThing was acquired in December 2016, with the retailer purchasing a 66% stake in the business at a cost of £3.3m, with the existing management team retaining the remaining shares.

The total number of shares in issue is 1,269,084,436 as of 17 May 2024. As of 21 May 2024, 41.22% of shares were not in public hands. Below is a list of major shareholders notified to the Company pursuant to the FCA's Disclosure Rules and Transparency Rules.

The Company was incorporated and registered in Jersey with registered number 114397 on 19 November 2013 as a public company under the name boohoo.com.

Fundamental analysts are rating Boohoo as a 'hold' with Refinitiv data showing 2 strong buy, 3 buy, 10 hold and 6 sells - with the mean of estimates suggesting a long-term price target of 47.26 pence for the share, roughly 49% above the share's current price (as of 02/10/2023).

Looking ahead to financial 2025, boohoo said it is targeting GMV growth and improvement to adjusted Ebitda margin, on its way to its medium-term target for a margin of 6% to 8%. To achieve this, it is on track for GBP125 million in annualised cost savings in the current year.

While a BBC investigation revealed that some Leicester garment factories allegedly linked to Boohoo had been involved in a money laundering and VAT fraud scheme, some of the group's Pakistan-based suppliers had also been accused of paying workers 29 pence per hour when working in alleged appalling conditions.

Early life. His father Abdullah Kamani is from Gujarat, India; settled in Kenya, but left in the 1960s due to unrest and moved to north-west England with his wife and three children. Abdullah started by selling handbags at a market stall, before starting a family textile business, supplying New Look and Primark.

Boohoo is known for offering affordable and budget-friendly fashion items for several reasons: Online-Only Retailer: Boohoo primarily operates as an online-only retailer. By eliminating the costs associated with maintaining physical stores, such as rent, utilities, and in-store staff, they can often offer lower prices.

Does Boohoo pay dividends? ›

boohoo group Plc (GB:BOO) does not pay a dividend. When is boohoo group Plc dividend payment date? boohoo group Plc (GB:BOO) does not pay a dividend.

In the year ending February 28, 2023, the Boohoo Plc. group accumulated a gross profit worldwide of approximately 985 million British pounds. This represented a slight decrease from the previous year.

Fashion retailer Boohoo has said it is “well positioned to return to growth” despite widening losses and a drop in revenue and profit. In the full year to February 29, 2024, Boohoo saw revenue fall 17% year on year to £1.4bn, which it said reflected “difficult market conditions”.

Fast fashion online retailers have experienced well-documented struggles with sales since the pandemic, and Boohoo is no exception. Revenue for the 2024 full year plummeted 17%. The company has blamed macroeconomic conditions, but the problems may run much deeper than external economic factors.

Boohoo is facing a new investor lawsuit in the UK after allegations regarding the mistreatment of workers in its Leicester factories caused its share price to plummet.

Our 13 amazing brands are; boohoo, boohooMAN, PrettyLittleThing, Nasty Gal, MissPap, Karen Millen, Coast, Oasis, Warehouse, Debenhams, Dorothy Perkins, Wallis and Burton. So, think different. Think fast. Think freely.

The group, like rival Asos, thrived during the pandemic-driven boom in online shopping, but as consumers returned to high street shops, it has faced a succession of challenges including supply chain issues, inflation, and more product returns.

In the year ending February 28, 2023, the Boohoo Plc. group accumulated a gross profit worldwide of approximately 985 million British pounds. This represented a slight decrease from the previous year.

Boohoo is known for offering affordable and budget-friendly fashion items for several reasons: Online-Only Retailer: Boohoo primarily operates as an online-only retailer. By eliminating the costs associated with maintaining physical stores, such as rent, utilities, and in-store staff, they can often offer lower prices.